Comic collection expected to fetch $2M at auction

[Morg]

http://news.yahoo.com/comic-collection-expected-fetch-2m-auction-081056775.html

DALLAS (AP) — When Michael Rorrer found 345 comic books neatly stacked in a basement closet as he cleaned out his great aunt's Virginia home after her death, he thought they were cool but didn't think much about their value.

He later discovered that his late great uncle Billy Wright had managed to assemble a remarkable comic book collection that included some of the most prized issues ever published, and kept them in good condition. The comics are expected to fetch more than $2 million when they are auctioned off Wednesday in New York City.

"This is just one of those collections that all the guys in the business think don't exist anymore," said Lon Allen, the managing director of comics for Heritage Auctions, the Dallas-based auction house overseeing the sale.

The collection includes 44 of The Overstreet Comic Book Price Guide's list of top 100 issues from comics' golden age.

"The scope of this collection is, from a historian's perspective, dizzying," said J.C. Vaughn, associate publisher of Overstreet.

Rorrer, 31, of Oxnard, Calif., found the comics in his great aunt Ruby Wright's Martinsville, Va., home a few months after her death last February. His mother, Lisa Hernandez, 54, of League City, Texas, then divided the comics into two boxes — one for him and one for his younger brother.

After his box arrived in California in the fall, Rorrer mentioned the collection to a co-worker, telling him about seeing a Captain America No. 2, a 1941 issue in which the hero bursts in on Adolf Hitler. Rorrer, who works at a plant where oil is separated from water, said the co-worker mused that it would be something if he had Action Comics No. 1, in which Superman makes his first appearance.

"I went home and was looking through some of them, and there it was," said Rorrer, who then began researching the collection's value in earnest.

He found that his great uncle had managed as a boy to buy a staggering array of what became the most valuable comic books ever published.

Once Rorrer realized how important the comics were, he called his mother, who still had the box for his brother at her house. He and his mother then went through their boxes, checking comic after comic off the list.

"I couldn't believe what I had sitting there upstairs at my house," Rorrer said.

Hernandez, who works in a chemical plant, said it really hit her how valuable the comics were when she saw the look on Allen's face after he came to her house to look through the comics she had there.

"It was kind of hard to wrap my head around it," Allen said.

Rorrer said he only remembers his aunt making a fleeting reference to the comics when she learned that he and his brother, Jonathan Rorrer, now 29 of Houston, liked comic books. He said his great uncle, who died in 1994 at age 66, never mentioned his collection.

The Action Comics No. 1 — which Wright bought when he was about 11 — is expected to sell for about $325,000. A Detective Comics No. 27, the 1939 issue that features the first appearance of Batman, is expected to get about $475,000. And the Captain America No. 2 with Hitler on the cover that had caught Rorrer's eye? That's expected to bring in about $100,000.

Allen, who called the collection "jaw-dropping," noted that Wright "seemed to have a knack" for picking up the ones that would be the most valuable. The core of his collection is from 1938 to 1941.

Hernandez said it makes sense that her uncle — even as a boy — had a discerning eye. The man who went to The College of William and Mary before having a long career as a chemical engineer for DuPont was smart, she said. And, she added, Wright was an only child whose mother kept most everything he had. She said that they found games from the 1930s that were still in their original boxes.

wow, that's cool

 

[Hotwire]

Un-f***ing-real!!!

 

[Kable24]

That's impressive. I don't have anything rare like that collection, but I've been thinking of selling my comics. I have every Punisher comic and just about every Punisher appearance ever. I doubt I'll get what I put into it.

 

[BillPardy]

That's impressive. I don't have anything rare like that collection, but I've been thinking of selling my comics. I have every Punisher comic and just about every Punisher appearance ever. I doubt I'll get what I put into it.

You have my attention... t:

 

[Matt Mortem]

I just read this today. BLEW MY ****ING MIND. Wow. How lucky is that??

 

[ThDWgeek]

First appearance of Batman AND Superman I wanna see the list of what else is in that stash.

 

[zanos]

Imagine purchasing multiple copies of each of those issues back then? I've always wondered if there was some teenage collector out there doing that without any knowledge the books would be worth anything. The sad part of this story is the Aunt and Uncle probably went thru some hard times not even realizing they had a virtual treasure trove.

 

[Morg]

http://games.yahoo.com/blogs/unplugged/childhood-comic-collection-expected-fetch-2m-200923607.html

update on the story

 

[Kurosawa]

That's an amazing story, it's what we all dream of.

Sad thing is, if it was me, I'd want to keep them.